Topic
Consumer-facing firms that custody customer accounts and route retail orders in equities, options and crypto, typically through mobile and web apps.
Bybit has opened more than 1,000 US stocks and ETFs to eligible global users, payable in USDC, with Alpaca clearing and holding the shares. That sets the exchange against brokerages for USDC balances, a step past the tokenized equities it already sells.
Reality
Webull shares fell about 20% after the House Select Committee on China found the brokerage's China ties a national security risk to US investors. Whether the finding costs more than share price depends on the $24.6 billion of customer assets the committee says Webull holds.
Reality
Robinhood is seeking approval to let customers trade a curated list of US stocks and ETFs on weekends, the 48 hours a week its 24 Hour Market is shut. Weekend prices will depend on whether dealers quote through those hours and on how the trades clear and settle.
Perspective Coverage
4 publishersReality
Robinhood is routing its new US crypto perpetuals, with up to 10x leverage, through its own Bitstamp exchange instead of Lighter. Lighter's LIT token fell about 17% within the hour, a loss Bankless calls a near-term repricing that gets tested once US rules admit decentralized venues.
Perspective Coverage
11 publishersReality
Robinhood says more than 150,000 customers have opened AI agent trading accounts that generate roughly 30 million automated actions a day. The agents' guardrail is a manual-approval default that customers can adjust. Robinhood is setting that default as the company pushes toward trading that never stops.
Reality
AMC's chief executive called Robinhood's on-chain version of its stock vile. In the design Fortune describes, Robinhood buys the real shares and Alpaca keeps the book, while the customer holds a contract without voting rights.
Reality
Vlad Tenev says an issuer's authority reaches the privileges attached to the shares it issues and no further. Robinhood keeps its AMC tokens on sale while Adam Aron calls them unauthorized and threatens to bring in the SEC.
Reality
Robinhood's crypto notional rose to $17.5 billion in August, still 38% under the same month a year earlier, and 58% of it now clears through Bitstamp. Event contract counts fell 23% in the same month.
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Event contracts brought in $156m last quarter on 13.6 billion tickets, which is the arithmetic behind Robinhood buying equity in a contract supplier as well as listing its markets. OG.com's contracts go live on September 8.
Reality
The brokerage takes minority stakes in Crypto.com and OG.com at Citadel Securities' $20bn and $5bn marks, and in exchange gets a fourth CFTC-regulated venue to route event contracts through without owning one.
Reality
Robinhood is paying Citadel's July price for an undisclosed minority slice of the venue that will clear volume Robinhood can move at will, which makes OG.com a fourth supplier rather than an owned engine.
Perspective Coverage
4 publishersReality
The thing AMC wants withdrawn is debt issued by a Jersey subsidiary, so the buyer holds a cinema chain's price and Robinhood's solvency in one position, and the SEC line separating the two tokenisation routes binds nobody.
Perspective Coverage
3 publishersReality
The brokerage's own disclosures put responsibility for a misread instruction on the customer and say Robinhood does not supervise the connected agent, which leaves the agent provider's exposure undocumented.
Reality